ComPsych talks $63.5 million term loan B at Libor plus 450 bps

By Sara Rosenberg

New York, Oct. 4 - ComPsych Corp. launched its $63.5 million term loan B on Thursday with price talk of Libor plus 450 basis points with a 1.5% Libor floor and an original issue discount of 99, according to a market source.

UBS Securities LLC is the lead bank on the deal.

Proceeds will be used to fund a dividend.

ComPsych is a Chicago-based provider of employee assistance programs and behavioral health, employee wellness, work-life and absence management services.

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